Did you know that of the 146 million of Russians, almost 11 million live abroad? Among them 3.4 million are in Ukraine, 2.3 million in Kazakhstan, 1 million in Germany, almost 700,000 in Belarus and 600,000 in Uzbekistan. All those people send money back home every year.
Sending funds to Russia is not easy for those people. For reasons of domestic currency control, the Russian Central Bank requires all financial institutions that want to send funds to Russia to have a correspondent account with the Russian Central Bank.
Consequently, all rouble trades must provide the correspondent bank account details, which increases the complexity of payments to Russia and are often cause of payment reversals that generate disruptions to companies’ cash flows.
There are many ways to send money digitally to Russia, the most customary being via your bank. However, in addition to the high handling fee and long remittance period, you may undergo the risk of refund.
Epay is the cheapest way to send money overseas.
Epay (epay.com) is well aware of the time-consuming, high cost, and complicated process in cross-border transfers, and it simplifies the entire remittance process, you can complete a remittance within a few minutes. If I told you that it only takes a few minutes to send money to Russia, would you be surprised by the super fast speed? And Epay insists on providing users with the best exchange rates and fees. Remit to Russia only costs 5 dollars per transaction!
Obtained money service license, Epay is a professional and trusted payment company.
Epay has been committed to the international payment industry for the past 6 years. And has accumulated rich experience in how to ensure that every payment is safe. Epay successfully obtained Hong Kong financial services license, America money service license and PCI security certification. You can rest assured that Epay is a trusted payment company that you can safely send money home through.